FGIC chief to chair bond insurance group

AUTHOR(S)

Richtmyer, Richard

PUB. DATE

January 1998

SOURCE

Bond Buyer;01/22/98, Vol. 323 Issue 30315, p31

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports on the appointment of Ann Stern, chairman of Financial Guaranty Insurance Co., as chairman of the Association of Financial Guaranty Insurers (AGFI). Officers elected to two-year terms; Stern's agenda during her term; AGFI's notable activities in 1997.

The article compares two entity types used by not-for-profit (NFP) organisations, namely being incorporated associations and companies limited by guarantee. Some of the organisational structures that may be put in place to suit the objects and needs of NFP include a single company limited by...

In this article we will provide a description of the performance showed by the Reciprocal Guarantee Associations (Sociedades de GarantÃ­a RecÃ­proca) in Spain over the last years, considering several aspects. First, we will make a short description of the specific operation of these...

This article presents an overview of those obligations which guaranty associations have been designed to undertake, analyzes those obligations which claimants and policyholders seek to impose which were never intended to fall within the scope of these organizations, and reviews the practical and...

The article focuses on the trade and project financing of Estonia. As stated, the country has the strongest, most developed banking system in the Baltic States. Its financial market is a typically European environment where banks and institutions have the dominant role. In addition, financing...

The article reports on the changes coming for Small Business Administration's surety bond guarantee program. Under new rules that take effect July 25, 2007, sureties will be allowed to charge current state rates, rather than fixed rates set in 1987, the year before Congress established the...

This article reports that regulatory guidance designed to improve communication and coordination between the overseers of insolvent insurers and the state guaranty associations that pay outstanding claims could be in place by mid-March. Many regulators, and the receivers they appoint to help...

Discusses the protection given by a non-debtor's guaranty of a debtor's indebtedness in the context of a debtor's use of cash collateral in a reorganization case. Broad concept of `adequate protection'; Protecting the creditor's security interests; Sample cases; Options offered to creditors by...

Cautions against the legal issues and concerns associated with upstream and cross-stream guaranties. Absence of assurance that an up-stream or cross-stream guarantee will be enforceable; Legality of ultra vires issues; Commercial view that an assailable guaranty is better than none; Important...